EDUC vs OVLY: Correlation
Educational Development Corporation (EDUC) and Oak Valley Bancorp (CA) (OVLY) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDUC and OVLY?
Across a 3-year window, the weekly returns of EDUC and OVLY correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -404.5 %².
Out of 14 assets tracked against EDUC, OVLY lands near the bottom at #13. Their 12-month results are close: +25.9% for EDUC against +22.2% for OVLY. Note the risk asymmetry: EDUC runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EDUC vs OVLY: side by side
| EDUC (Educational Development Corporation) | OVLY (Oak Valley Bancorp (CA)) | |
|---|---|---|
| 1-year return | +25.9% | +22.2% |
| 5-year return | -85.6% | +111.8% |
| Volatility (ann.) | 62.4% | 26.5% |
| Beta vs S&P 500 | 0.67 | 0.56 |
| Max drawdown (3Y) | -63.5% | -26.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | 5.7 | 11.9 |
| Dividend yield | 0.00% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDUC | OVLY |
|---|---|---|
| 2022 | -64.6% | +32.4% |
| 2023 | -63.3% | +33.9% |
| 2024 | +42.2% | -0.7% |
| 2025 | -20.0% | +5.1% |
| 2026 | +3.0% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDUC and OVLY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EDUC and OVLY?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.33 over the last year and -0.03 over 5 years.
Is OVLY a good diversifier for EDUC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/educ-vs-ovly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/educ-vs-ovly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDUC correlations · OVLY correlations
